1400 Ocean DrCorpus ChristiTX78404
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Corpus Christi at 1400 Ocean Dr, Corpus Christi, TX, 78404 earns from $1,886/mo rent with a $1,322/mo payment. Total monthly income totals $1,886/mo. ROI tracks 19.45% on current figures, and rental yield reads 8.38% at a $270,000 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 over five years. Five-year ROI reaches 101.59% and total cumulative return in cash sums $90,925. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,886/mo property income instead of your personal income.
Condo
Built in 1981
1,211 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78404, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 3,273 (46.0%) |
| Renter Occupied HU | 2,754 (38.7%) |
| Vacant Housing Units | 1,088 (15.3%) |
| Median Home Value | $192,468 |
| Average Home Value | $279,396 |
Housing Distribution
Address Breakdown
Residential
6,178
Single Family
5,361
Multi-Family
817
Businesses
504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Doug Nichols • Coldwell Banker Pacesetter Ste
Mls Name: South Texas MLS
Mls ID: #469625